1. Mr. Ashok has account in the Central Bank of India.

The following entries are from his pass book:Withdrawal Rs. P Deposite Rs. P Balance Rs. P 1200.00 500.00 400.00 800.00 500.00 700.00 600.00 300.00 1700.00 1300.00 2100.00 1600.00 2300.00 1700.00 2000.00

Date 01 - 01 - 05 07 - 01 - 05 17 - 01 - 05 10 - 02 - 05 25 - 02 - 05 20 - 09 - 05 21 11 - 05 05 - 12 - 05

Particular B/F By cash To cheque By cash To cheque By cash To cheque By cash

If Mr. Ashok gets Rs.83.75 as interest at the end of the year where the interest is compounded annually, calculate the rate of interest paid by the bank in his saving bank account on 31st December, 2005. 2. Mr. Jacob has a two years recurring deposit account in State Bank of India and deposits Rs.1500 per month. If he receives Rs.37,875 at the time of maturity, find the rate of interest. 3. The manufacturer sold a TV to a wholesaler for Rs.7000. The wholesaler sold it to a trader at a profit of Rs.1000. If the trader sold it to the customer at a profit of Rs.1500, find: (i) the total VAT (value added tax) collected by the state government at the rate of 5% . (ii) the amount that the customer pays for the TV. 4. The cost of car, purchased 2 years ago, depreciates at the rate of 20% every year. If its present worth is Rs.315600, find : (a) its purchase price (b) its value after 4 years. 5. A shopkeeper buys an article at a rebate of 30% on the printed price. He spends Rs.40 on transportation of the article. After charging sales tax at the rate of 7% on the printed price, he sells the article for Rs.856.Find his profit percentage. 6. A manufacturer produces a good which cost him Rs.500. He sells it to a wholesaler at a price of Rs.500 and wholesaler sells it to retailer at a price of Rs.600. The retailer sells it to the customer at a price of Rs.800. If the sales tax charged is 5%. Find the tax charged under VAT by : (i) manufacturer, (ii) wholesaler and (iii) retailer. Find the tax paid by the customer. 7. Mr Sharma has 60 shares of nominal value of Rs 100 and he decides to sell them when they are at a premium of 60%. He invests the proceeds in shares of nominal value Rs 50, quoted at 4% discount, paying18% dividend annually. Calculate (a) the sale proceeds (b) the number of shares he buys (c) his annual dividend from these shares. 8. Mr. Ravi invests Rs 40000 in 10% Rs 100 shares at 25% premium. Find his annual income if the income tax is deducted at the rate of 20%. Later on, he sells half the shares at Rs 140 and invests the sale value in 15% Rs 10 shares available at 20% discount. Find the change in his annual income, if the income tax is deducted at the same rate . 9. Which is better investment : 7% Rs.100 shares at Rs.120 or 8% Rs.10 shares at Rs.13.50 ? 10. A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs.1600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate. Find: (i) The price at which the camera can be bought. (ii) The VAT (Value Added Tax) paid by the shopkeeper.